Systems and methods for projecting and managing cash flow for financial accounts

Abstract

Systems and methods are disclosed for managing cash flow, including incoming and outgoing transactions, and mitigating unconfirmed cash shortfalls for an entity's accounts. In an embodiment, a system comprises a processor configured to render an interactive graphical user interface ("GUI") for the cash flow timeline on a display device. The cash flow timeline displays past and unconfirmed Cash In and Cash Out transactions and any cash shortfalls, which can be mitigated by selecting automatically displayed options. The GUI has a plurality of selectable, actionable user interface ("UI") elements. In an embodiment, the GUI comprises a UI element selectable to display bar graphs for selected time periods of the cash flow timeline. The GUI also comprises Cash In and Cash Out centers. In embodiments, methods employ the Cash In / Out centers to add, edit, schedule and delete Cash In and Cash Out transactions such as transfers, expenses, bills, receivables, and payables.

Description

CROSS-REFERENCE TO RELATED APPLICATIONS[0001]This patent application claims the benefit of, and priority to, U.S. Provisional Patent Application Nos. 61 / 734,154; 61 / 734,132; 61 / 734,101; 61 / 734,174; and 61 / 734,196, which are all incorporated herein by reference in their entireties.[0002]The present application is related to concurrently-filed U.S. patent application Ser. No. 14 / 098,698, entitled “SYSTEMS AND METHODS FOR PROJECTING AND MANAGING CASH-IN FLOW FOR FINANCIAL ACCOUNTS”; concurrently-filed U.S. patent application Ser. No. 14 / 098,844, entitled “SYSTEMS AND METHODS FOR PROJECTING AND MANAGING CASH-OUT FLOW FOR FINANCIAL ACCOUNTS”; concurrently-filed U.S. patent application Ser. No. 14 / 098,814, entitled “SYSTEMS AND METHODS FOR FINANCIAL PLANNING BASED UPON CASH POSITIONS”; and concurrently-filed U.S. patent application Ser. No. 14 / 098,873, entitled “SYSTEMS AND METHODS FOR CREATING AND MANAGING FINANCIAL ACCOUNTS”, which are all incorporated herein by reference in their entir...

AI Technical Summary

Benefits of technology

[0018]According to an embodiment, a system renders a graphical indication of predicted or unconfirmed cash shortfalls and provides users such as business owners with the ability to interactively address unconfirmed cash flow shortfalls through online interactions.

Problems solved by technology

For example, in the cases of a small business or sole proprietorship, traditional online banking systems lack interfaces that enable the business owner, proprietor, or manager to view and dynamically adjust the business' projected or unconfirmed cash flow, cash reserve, and react to projected or unconfirmed shortfalls in real time based upon expected incoming and outgoing transactions (i.e., ‘Cash In’ and ‘Cash Out’) for a given future time period (e.g., days, weeks, or months in the future).

Even if conventional online banking interfaces were adapted to the context of an entity such as small business, they would not enable the owner(s) of the small business to dynamically adjust the business' cash reserve and mitigate unconfirmed shortfalls because of their focus on previously posted debits and credits that have already occurred.

For example, interfaces that are limited to displaying historical data such as past accounts receivable and accounts payable activity do not allow a business owner or user associated with an entity to visualize and react to a business' or organization's unconfirmed future monetary positions in a simple fashion.

Interfaces of currently available online banking systems and platforms lack a way for a business owner or institutional user associated with an organization to predict cash flow, potential deficits, cash reserves, and monetary positions based on past, current, and future incoming and outgoing monetary transactions (i.e., accounts receivable and accounts payable payments) in an easily understood fashion.

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